The Prime Minister was speaking to the Journal on completing his second year in office. Modi said that he has set a path for accelerated growth that India’s states now need to help navigate.
Overall wheat arrivals in mandis have been only 25.29 mt so far this marketing season, as against 30.49 mt during the same period last year.
Even as the economy revives, quick decision-making and out-of-the-box thinking, apart from a slew of reformist policies and programmes, have defined the Modi government.
Numbers still below ’12 peaks but sale of LCVs, bikes, cement up — point to consumption-led growth .
Japan reports its economy grew at a better than expected 1.7 percent annual pace in March, as higher government outlays helped offset weakness in business investment and exports.
All three confidence indicators — job prospects, personal finances and concerns — increased from the previous quarter in India with job sentiment, personal finances and immediate spending intentions at consistently high levels.
India’s current account deficit is likely to widen to 1.6% of GDP this fiscal, driven by pick-up in domestic demand on the back of a better monsoon and upcoming pay hikes, says a Nomura report.
Raghuram Rajan has said complexities arise when ensuring its political acceptance and one needs to be “a little more clever” for that.
China, which grew at about 6.9 per cent in 2015, will continue to witness slowdown in growth, the report states.
Heavy rainfall is anticipated in months of July and August across the state, the release said.
“The rough estimate indicates that this drought will cost national economy at least Rs 6,50,000 crore or say $100 billion,”
Trump, a billionaire real estate developer, said on Monday that lowering taxes on the middle class and businesses was his priority.
Donald Trump has called for the deportation of anyone living in the United States illegally, arguing foreign workers hold down salaries and contribute to unemployment.
Jaitley ruled out rollback of one per cent excise on non-silver jewellery saying the levy was not applicable on small traders and artisans and only jewellers with more than Rs 12 crore turnover will attract the duty.
Once fully implemented, the code would seek to speed up debt recoveries and restructurings by setting a deadline of 180 days to decide the fate of a company that defaults.